Head of Reinsurance Law - General Counsel

Description :

Where good people build rewarding careers.

Think that working in the insurance field can't be exciting, rewarding and challenging? Think again. You'll help us reinvent protection and retirement to improve customers' lives. We'll help you make an impact with our training and mentoring offerings. Here, you'll have the opportunity to expand and apply your skills in ways you never thought possible. And you'll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

Job Description

The Specialty Operations Law Practice Group within the Company's Department of Law & Regulation consists of approximately four attorneys and other professionals who provide legal services to the Company regarding ceded and assumed reinsurance business.

Key Responsibilities

  • Working with the Company's Risk Management Department to structure, negotiate, draft and, where applicable, publicly report reinsurance placements, including associated funding agreements, for reinsurance contracts including contracts:
  • comprising Allstate's property and casualty catastrophe reinsurance program, whether placed in the traditional or insurance linked securities market;
  • covering risks underwritten by the Company's Emerging Business Department, which includes insurance for small to medium size businesses, excess and surplus lines insurance, and contractual liability insurance for service warranty providers;
  • utilized in the Company's mergers and acquisitions and policy portfolio transactions;
  • placed internally between affiliates.
  • Counseling the Company's Specialty Operations Division, which is charged with administering discontinued lines of business, by:
  • advising on coverage afforded by domestic and international reinsurance agreements, both current and in runoff, assessing coverage for environmental claims on primary policies, and securing coverage for claims covered under government-sponsored indemnification vehicles;
  • providing guidance on third party insurance and reinsurance insolvencies and corporate restructuring initiatives, including domestic and international liquidations, schemes of arrangement and portfolio transfers;
  • initiating and supervising the dispute resolution process applicable to reinsurance contracts, including arbitrations and litigation.
  • Supporting the Government & Industry Relations Group with respect to legislative efforts – state, federal and international – impacting insurance insolvency and reinsurance.
  • Provide legal advice to and strategize with the Company's senior management regarding structuring, placing, negotiating and administering the Company's assumed and ceded reinsurance arrangements.
  • Oversee the arbitration and litigation of disputes involving reinsurance.
  • Structure, negotiate and draft highly complex reinsurance transactions taking into account applicable regulatory, reporting, and accounting issues.
  • Manage a team of professionals by: ensuring business objectives are communicated, understood and met; assign and monitor work; transfer subject matter knowledge to less experienced team members; and utilize performance management to mentor and reward team members.

Job Qualifications

  • Possesses a juris doctorate and a license to practice law in Illinois (and/or other states as required).
  • 12+ years related experience within a reputable law firm or an in-house legal department for a mid- to large-sized insurance or reinsurance organization.
  • Ability to leverage insurance and reinsurance industry contacts.
  • Experience in managing legal teams a plus, including responsbility for coaching, developing and motivating team members.
  • Project management skills a plus, including budgeting and managing internal and external resources

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.

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